There are a lot of opinions as to why California is in the budget mess it is currently experiencing. One which we hear regularly is that the state has a spending problem. The California Progress Report published an interesting piece a few days ago that argues just the opposite.
The Associated Press released its nationwide “Economic Stress Index” for March today and the numbers aren’t pretty – at least for California. While economic stress declined in the vast majority of the country’s 3,100-plus counties, you can’t say the same for California.